| Government Form |
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|---|---|---|---|---|
| Worksheet | Section | Field | ||
| Shareholder Name | Shareholders > Shareholder Information | Shareholder Summary > Detail > General |
Entity or first name Middle initial Last name Continuation of name |
|
| Shareholder ID Number | Shareholders > Shareholder Information | Shareholder Summary > Detail > General | Social security number employer ID number | |
| Shareholder Ownership % | Shareholders > Shareholder Information | Shareholder Summary > Detail > General |
Number of shares owned |
|
| OR | ||||
| Shareholders > Shareholder Information | Shareholder Summary > Detail > Supplemental Information | Shareholder allocation ratio - Override | ||
| S Corporation Name | General > Basic Data | General |
Corporation name Corporation name continued |
|
| S Corporation ID Number | General > Basic Data | General | Employer identification number | |
| 1(a) | Shareholders > Shareholder Basis | Shareholder Basis Detail | Stock basis - beginning of yr | |
| 1(b) | Shareholders > Shareholder Basis | Shareholder Basis Detail | Addl capital contributions | |
| Subtotal | Line 1(a) + 1(b), not less than zero | |||
| 2a | Schedule K-1 line 1 if positive | |||
| 2b | Schedule K-1 line 2 if positive | |||
| 2c | Schedule K-1 line 3 if positive | |||
| 2d | Schedule K-1 line 7 if positive | |||
| 2e | Schedule K-1 line 8A if positive | |||
| 2f | Schedule K-1 lines 5A, 5B, and 10A if positive | |||
| 2g | Schedule K-1 line 9 if positive | |||
| 2h | Schedule K-1 line 10E if positive | |||
| 2i | Schedule K-1 line 16A if positive | |||
| 2j | Schedule K-1 line 16B if positive | |||
| 2k | Depreciation and Amortization | |||
| AND | ||||
| Gains and Losses worksheets | ||||
| 2l | Depletion worksheet | |||
| 2m | Schedule K-1, line 17K, Gain from Section 179 Properties | |||
| AND | ||||
| Shareholders > Shareholder Basis | Shareholder Basis Options > Increases/Decreases of Stock Basis and Adjustments to Debt Basis | Basis Code - Code INCSTK | ||
| 3 | Calculated | |||
| 4 | Calculated | |||
| 5 | Schedule K-1 line 16D | |||
| 6 | Calculated | |||
| 7a | Schedule K-1 line 1 if negative | |||
| 7b | Schedule K-1 line 2 if negative | |||
| 7c | Schedule K-1 line 3 if negative | |||
| 7d | Schedule K-1 line 7 if negative | |||
| 7e | Schedule K-1 line 8A if negative | |||
| 7f | Schedule K-1 line 5A, 5B, and 10A if negative | |||
| 7g | Schedule K-1 line 9 if negative | |||
| 7h | Schedule K-1 line 12P | |||
| 7i | Schedule K-1 line 12A, 12B, 12C, 12D, , 12E | |||
| PLUS | ||||
| Shareholders > Shareholder Basis | Shareholder Basis Options > Increases/Decreases of Stock Basis and Adjustments to Debt Basis | Basis Code - Code ADJCON | ||
| 7j | Schedule K-1 line 11 | |||
| 7k | Schedule K-1 line 12J, 12K | |||
| 7l | Schedule K-1 line 12I | |||
| 7m | Schedule K-1 line 14L, 14M | |||
| 7n | Schedule K-1 line 12I | |||
| 7o | Schedule K-1 line 16C | |||
| 7p | Depletion from oil & gas property reported at the bottom of Schedule K-1 equivalent, but never more than remaining basis of the property | |||
| 7q | Loss from Section 179 properties | |||
| AND | ||||
| Shareholders > Shareholder Basis | Shareholder Basis Options > Increases/Decreases of Stock Basis and Adjustments to Debt Basis | Basis Code - Code DECSTK | ||
| 7r | Shareholders > Shareholder Basis | Allocation of Losses and Deductions > Detail |
Beginning of year losses and deductions (DEFAULT) Disallowed prior year's losses and deductions - Override |
|
| 8 | Calculated | |||
| 9 | Calculated | |||
| 10 | Calculated | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Prior year amount to restore debt basis - Override | ||
| See “ X NOT to include capital contributions in net increases to restore debt-basis” checkbox. | ||||
| 11 | Subtract line 10 from line 9 AND not less than zero. This line represents the stock basis at end of year. | |||
| Page 2 | ||||
| 12 | Analysis of Shareholder's Loan Accounts, Col D | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Debt basis - beginning of year - Override | ||
| 13 | Analysis of Shareholder's Loan Accounts, Col E | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Loans made during year - Override | ||
| 14 | Calculated | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Prior year amount to restore debt basis - Override | ||
| 15 | Calculated | |||
| 16 | Analysis of Shareholder's Loan Accounts, Col J | |||
| Shareholders > Shareholder Information | Shareholder Summary > Detail > General | Shareholder loan repayments | ||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Loan repayments - Override | ||
| 17 | Analysis of Shareholder's Loan Accounts, Col K | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Gain from loan repayments - Override | ||
| 18 | Shareholders > Shareholder Basis | Shareholder Basis Options > Increases/Decreases of Stock Basis and Adjustments to Debt Basis | Basis Code - Code ADJDBT | |
| 19 | Calculated | |||
| 20 | Analysis of Shareholder's Loan Accounts, Col H | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Debt basis applied against excess losses and deductions - Override | ||
| 21 | Subtract line 20 from line 19 (Not less than zero) | |||
| 22 | Add lines 11 and 21 (Not less than zero) | |||
| 23 | Schedule K-1 line 16 coded "D" - Property Distributions | |||
| 24 | From line 4 | |||
| 25 | Excess of line 23 over line 24 | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Gain on distributions - Override | ||
| If there is a capital gain, the System will not carry this information to the federal return. This information should be reported as ‘Supplemental Information’, line 23 on Schedule K-1. | ||||
| 26 Total Disallowed Losses | Shareholders > Shareholder Basis | Allocation of Losses and Deductions > Detail |
Beginning of year losses and deductions (DEFAULT) Disallowed prior year's losses and deductions - Override |
|
| 26 Amount Applied Against | Analysis of Shareholder's Loan Accounts, Col C | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Prior year amount to restore debt basis - Override | ||
| 27 Total Disallowed Losses | From line 8 above excluding line 7r | |||
| 27 Amount Applied Against | From line 20 | |||
| 28 Total Disallowed Losses | If line 9 < 0, add lines 6 and 20 | |||
| If line 9 > 0, lesser of line 9 or (lines 26 and 27) | ||||
| 28 Amount Applied Against | If line 9 > 0, lesser of line 9 or line 20 | |||
| If line 9 < 0, leave blank when there is no gain from loan repayment | ||||
| 29 Total Disallowed Losses | Combine lines 26, 27, and 28 | |||
| AND | ||||
| not less than zero | ||||
| 29 Amount Applied Against | Combine lines 26, 27, and 28 | |||
| AND | ||||
| not less than zero | ||||
| Principal amount of debt owed to shareholder, adjusted for loans made or paid during the tax year: | ||||
| Loan Balance Beginning of Year | Analysis of Shareholder's Loan Accounts, Col B | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Loan balance at beginning of year - Override | ||
| Loans Made During Tax Year | Analysis of Shareholder's Loan Accounts, Col E | |||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Loans made during year - Override | ||
| Loan Repayments | Analysis of Shareholder's Loan Accounts, Col J | |||
| Shareholders > Shareholder Information | Shareholder Summary > Detail > General | Shareholder loan repayments | ||
| Shareholders > Shareholder Basis | Shareholder Basis Detail > Detail | Loan repayments - Override | ||
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